PL EN


2017 | 1/2017 (66), t.2 | 64 – 78
Article title

Rating kredytowy emitenta i inwestora – porównanie wpływu determinant

Content
Title variants
EN
Issuer- and Investor-Paid Credit Ratings – A Comparison of Factors
Languages of publication
PL EN
Abstracts
PL
Celem pracy jest analiza determinant ratingu kredytowego banków krajów europejskich. Dokonano przeglądu literaturowego na temat wpływu czynników na rating kredytowy i postawiono hipotezę, że siła oddziaływania poszczególnych determinant na credit rating banku jest uzależniona od tego, czy został on nadany na żądanie emitenta czy inwestora. Do analizy wykorzystano dane z bazy Thomson Reuters. Badanie przeprowadzono przy użyciu metod regresji panelowej. Jako zmienną zależną zastosowano długoterminowe ratingi kredytowe banków prezentowane przez agencje ratingowe w latach 2000–2015. Ratingi zdekodowano liniowo na zmienne liczbowe. Badanie wykonano na danych kwartalnych.
EN
The aim of the paper is to analyse European banks’ credit ratings factors. To this end, a literature review has been made about the impact of credit ratings factors and the following hypothesis has been put forward: The strength of the banks’ credit ratings factors depends on the issuer- and investor-paid notes. Thomson Reuters database has been used for the analysis. The analysis has been made by using panel data models. As a dependent variable, long-term credit ratings presented by credit rating agencies from 2000 to 2015 have been used. Credit ratings have been decomposed linearly. The study has been made using quarterly data.
Year
Pages
64 – 78
Physical description
Dates
published
2017-05-30
Contributors
References
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Document Type
Publication order reference
Identifiers
ISSN
1644-9584
YADDA identifier
bwmeta1.element.desklight-63419cdb-ebc0-4fbb-9e50-2382186a4a95
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